Goldman Sachs Gets Dinged On Earnings (GS)

Goldman Sachs GS released its fourth-quarter earnings this morning prior to the opening bell. The company reported net income of $2.22 billion or $3.79 per share, compared to $4.78 billion or $8.20 per share in the year ago period. This compared to analysts' consensus EPS estimates of $3.76. Revenues for the fourth quarter were $8.64 billion versus $9.61 billion in last year's corresponding quarter. This missed Wall Street estimates of $9 billion. The revenue miss is causing some investors to dump their shares on Wednesday. The stock is currently trading down 3% at $169.41.